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and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible we're in for a battle of epic proportions? >> yes to both ques
dead line sets up a stand off with the nation's economy hanging in the balance. a new congressional budget office report predicts a fall off the cliff. could send the unemployment rate skyrockets by the end of next year. with the books on his presidency already being written, but the second chapter yet to be lived, can the president find common ground with a deeply-divided congress and dodge economic disaster? >> it's a huge challenge for president obama, but also a huge opportunity. health care reform in his first term and putting the fiscal house in order for the next four generations as the signature achievement already? >> he's going to have to strike some deals. and he's going to have to make some grand alliances. >> joining me from the white house is kristen welker. explain the footprint we can expect to hear. >> reporter: good morning. i think that the president is going to try to achieve two things. first, to try to set the tone for his second term. your going it hear him make a call for bipartisanship. we heard some of that during his victory speech in chicago earlier this
on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here talking -- or he will be asked about benghazi. this will be his first press conference since that september 11th attack in egypt that killed u.s. ambassador chris stevens and three other americans. as well, would you expect them to be asked about cabinet -- or, pardon me -- in libya, and you would expect him to be asked about the cab -- potential cabinet shake-ups as well. you said he hasn't had an extended press conference since march. that's true. there are a lot of outstanding questions, and he will be asked probably about all of them today, suzanne. >> imagine it's going to be taking a while to get through all of these, and
in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill leaders signaled compromise. >> compromise is not a dirty
's economy. can you put that number in perspective? 700,000 fewer jobs. >> i can put the report in perspective. it was turn ired by independent businesses that don't want to see their tax rate increased. it is counter to all other studies that i have seen on this thing. that report got in to my inbox and got deleted. >> okay. thank you for your honesty. >> doesn't make sense. it doesn't make any sense at all. >> you hear the number but thank you. that is what i was trying to get at. we heard president obama say if congress fails to come up with a deal by the end of the year, everyone's taxes will be going up. it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few
by the end of the year the economy could slip back into a recession. >>> law americas might not get the answers they are looking for after all about the deadly benghazi terror attacks. congressional hearings will be closed to the public. fox news learned some of the suspects in the attack were part of an egyptian terrorist group. the network made up of violent extremists is trying to develop ties with al qaeda. >> jared laughner will be spending the rest of his life behind bars. he killed 6 people and wounded 15 others including debbie gifford. he sentenced him to 7 consecutive life terms plus 140 years. gifford and her husband were in court. you may have put a bullet in her head but you have not put a dent in her spirit. >> outrage about the power outages. 60,000 people still in the dark in new york and in new jersey. that does not include the half a million people still without power from sandy. >> i am very stressed out. i don't know what day it is, what time it is. trying to feed my daughter. >> no crews nobody around. no response. you call up you don't get any answers. it is ri
and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> and we are back with ken duberstein, john podesta, and david gergen. john podesta, what does president obama do to ensure the united states does not fall off the fiscal cliff? you have already seen there's much debate about this and many people on the left, paul krugman in "the new york times" is saying do not make a deal just for the sake of making a deal, hold out and call the republicans' bluff. >> i think it was set up, one that was based on the president's argument. taxes needed to go up, particularly for the wealthiest americans. i think he has to stick with that. one thing he was clear about, he wasn't going to sign a bill with high end tax rates from the bush era. he's going have to negotiate with the republ
's at stake for the economy as well as your personal finances. zimplt president obama confronting a looming financial. they have 53 days to come up with a solution to avoid going over the so-called fiscal cliff. what are we talking about? it's a combination of automatic spending cuts to the tune of $1.2 trillion over the next. our chief white house correspondent jessica yellin will talk about this, and you bring up a very good point now. during the second term campaign, but she's been pretty clear, right, on his stance regarding the fiscal cliff and his obama line. tell us what it is. >> that's right, suzanne. he has laid out that his negotiating terms include the following. he is willing to compromise and raise some revenue by altering some parts of medicare and medicaid on entitlement reforms. he is also insistent that some revenue be raised by changing the tax rates. you know, those bush tax cuts expire at the end of this year, and he has said that the wealthiest americans must pay more. we've heard it on the campaign trail over and over. one thing he has hit is that those who make $250,
that we could have a double dip recession if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobering reality of governing is setting in here. the president is going to have a crowd of people, we are told, middle-class families who will be impacted by the fiscal cliff. the kind of thing you might see on the campaign trail, raising the question is whether or not the campaign continues. as the president tries to go directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congre
cuts that would cause uncertainty and damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges that we would need to address, including the sequester, but congress ought to the house out to pass those tax cuts right away. it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least come together and convert into law a bill that everyone aa agrees should become law. republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement, and that's why the president has invited leaders of congress here to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their input and ideas about how to move forward. as he said he does have his own very specific plan that reduces the deficit by $4 trillion. that does
of stock back. so that is a theme here. but the media showing else the uncertainty about the future economy, we're not sure where we're headed, scattered and so forth. >> this is the nonfiscal cliff, mlts believing in themselves roerm. because you at home don't want to buy it so we'll take it. >> hate to think where we would be without it, without this whole phenomenon during this year. >> bernanke hasn't talked about how that would be balance repair. >> i will tell you right now -- >> i'm trying to be positive. >> forget it, nothing happening in the next six weeks. >> too many holiday parties. >> let's worry, maybe next year. >> five more days until my kids are back. >> reporter: well, folks, happy thursday. this means one week to happy thanksgiving. people here are exhausted. they are trying to find any possible iteration to defying the fiscal cliff. i just talked to a trade never an investment conference that i talk to all the time. he said stock, mutual fun and etf sellers are everywhere in this conference are concerned about taxes and the fiscal cliff. general depression is what's goin
they could cripple the economy and trigger another recession. just a few hours from now, president obama underscores the urgency at the white house. his remarks could set the tone for upcoming negotiations with republican lawmakers. christine romans shows us how your money is in play. is your paycheck about to shrink? brianna keilar, three days after a bitter election, is either party really ready to budge? christine, nearly every american has money riding on this outcome, right? >> absolutely. the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000 for the year. immediately your paycheck, you would notice a change there o r overall, certainly in what
as it is advancing the cause of strengthening our middle class and improving our economy. you know, i've got a lot of good relationships with folks both in the house and the senate. i have a lot of relationships on both sides of the aisle. it hasn't always manifested itself in the kind of agreements i would like to see between democrats and republicans and so i think all of us have responsibilities to see if there are things we can improve on. and i don't exempt myself from needing to, you know, do some self-reflection and see if i can improve our working relationship. they're probably going to still be some sharp differences. and as i said during the campaign, there are going to be times where there are fights and i think those are fights that need to be had. but what i think the american people don't want to see is a focus on the next election instead of a focus on them. and i don't have another election. and, you know, michelle and i were talking last night about, you know, what an incredible honor and privilege it is to be put in this position. and there are people all across this country, mil
to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relationships with congress in the second term? >> look, i think there's no doubt that i can always do better. and i don't exempt myself from needing to do some self- reflection, and see if i can improve our working relationship. there are going to be times where there are fights, and i think those are fights that need to be had. >> reporter: the president warned today that if the two sides don't strike a deal, it could hurt the holiday shopping season and dampen holiday hiring, scott, as people prepare for the possibility that their tax rates will go up on january 1. >> pelley: thanks, nancy. it was all across europ
with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground and i hope the president will respond today in that same spirit. that is on wednesday. this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. with that, i will be happy to answer some questions. >> [inaudible]. >> when the president and i have been able to come to an agreement there has been no problem getting it passed here in the house. >> [inaudible]. >> well, clearly, the deficit is a drag on our economy. and we can't contin
on the economy comes to an agreement or slip right back into recession by next year? will congress finally come to a compromise to avoid the fiscal cliff? plus, this baby elephant caught in a sticky situation. up to its neck for over 12 hours. the incredible rescue straight ahead. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> 6:24 eastern time. quick headlines now. over 90,000 people have signed a petition to nominate this pack diswran girl for the nobel peace prize. the 15-year-old was shot in the head by the taliban after speaking out for women's rights to go to school. she is currently recovering at a uk hospital. and chrysler recalling over 900,000 jeep vehicles because of faulty air bags. a recall includes grand cherokees from 2002 to 2004. and jeep liberties from 2002 to 2003. a malfunction can cause the air bag to
likely to postpone the spending cuts. i think that would be disastrous for the economy. and i think we're likely to let the tax cuts expire than come back in january and cut the taxes for at least 98% of americans. >> joining me now to map out a timeline, nbc white house correspondent mike viqueira who joins me from right there in the white house. so are you getting a sense of the schedule of these events? >> reporter: the schedule is pretty much up in the air. pretty remarkable that john yarmouth, house democrat from kentucky is basically saying let's go over the cliff because we're never going to come to an agreement. the trouble is that cliff if we go over it, the congress at budget office itself says over the next course of the year if those tax cuts kick in, more than $1 trillion in new added taxes to the american people. plus that sequester, that automatic cuts to defense and domestic spending about $1 trillion as well. the cbo says that will be 9.1% unemployment. gdp will slow by half a percentage point. it could be another recession. so where have we seen this movie before? the
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back. the 2012 election is barely over. would you believe political junkies are wondering who may be running for president in 2016? paul steinhouser takes a look at the names being whispered in political circles. paul? >> reporter: susan, call it the never ending campaign. when one election ends, the next one begins. >> i have just called president obama to congratulate him. >> i just spoke with governor romney and i congratulated him and paul ryan on a hard fought campaign. >> reporter: with the 2012 election barely in the rearview mirror, we're already thinking about the next road to the white house. marco rubio heads to iowa next weekend to headline a republican event. does the popular gop
.com. ♪ campbell's. it's amazing what soup can do. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. introducing the new droid razr maxx hd by motorola. now more than ever droid does. >> victims of superstorm sandy, getting a firsthand look at the recovery effort in new york. homeland security secretary janet napolitano visiting hard-hit staten island. and fema approved housing and other aid for storm victims, but many people think they're getting the run around, lots of red tape and they want action, not words. this woman fed up, blasting the the long island power authority in new york for failing to come through. >> last night, i literally stayed on my steps until i had to go to sleep because it was war
apologizes for america and they said the economy was worsening when actually it's not worsening. it's getting better, not fast enough. they just again and again were not in tune with the -- whether it's polls, whether attitudes towards women. it was 1950s ver sus 2012. so it's not surprising to me they feel dumbfounded now. they ran a campaign that was predicated on a lot of false assumptions and also false assertions about the president. >> it must have been confounding to realize that the guy they said was not one of us, michael, was somehow the other, turned out to be the leader of the country. >> well, yeah. >> that's a big mistake to make. >> slight mistake there. >> that's a big mistake. >> it's a very big mistake and i think, again, and i said this when i was rnc chairman, the responsibility of the party is not to go after obama but to go after the policies that he's defining for 9 nation and make the counter argument. when we fail to do that, much to david's point, you do come off tin eared, you do come off deaf to exactly what people are thinking. it's not enough to say that the econ
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inroads into africa's economy. but is the u.s. missing out on an opportunity? a live report from south africa. >>> china's giant weeklong gathering of the communist party ends tonight. they bring together 2,000 delegates around the country to meet in beijing. they meet every five years. president hue hue gin pow. china catching up with the united states which is still number one. it's beating the u.s. when it comes to trade with subsaharan africa which has vast supplies of natural resources. >> reporter: here's a little bit of china in eastern zimbabwe. this is a join venture between the chinese and zimbabweans mining diamonds in the controversial fields where critics claim some of the diamonds funneled to the party, claims the government and mining officials deny. when cnn got exclusive access this year, the chinese welcomed us with lunch and speeches. as well as a tour of the mining operations, eager to show off cooperation and development with their african partners. many like the u.s. government are highly critical of the chinese venture and others across africa. critics argue the
just consider mitt romney had won, he said he'd be focused exclusively on the economy, president-elect for a day and a half and then a sex scandal breaks out with his top generals. that would have been interesting to see how governor romney handled that moment. >> the other aspect of this story that i assume the country will get to, the media will get to quite quickly is the surveillance tape. i mean, this is pretty scary stuff. some of your e-mails to me and mine back to you, i don't want anybody reading them. >> yeah, that would be bad. you know, and it's interesting. here's the surveillance -- the architects of the surveillance tape caught up in the surveillance tape. that's the kind of thing that's so fascinating about it. >> but one of the fascinating degrees is the degrees to which broadwell and petraeus went to lengths to try and stop their e-mails being traced, by using this system of saving in the draft folder in their e-mail accounts and stuff. so they were clearly aware of the risk of being watched. and yet they still went ahead and sent e-mails on an extraordinary sca
, and that will almost certainly push the economy back into recession. so there's an awful lot at stake right now. what paul ryan said is very interesting because we had an editorial on monday from glenn hubbard, mitt romney's economic adviser, essentially saying that yes, we recognize we need to talk about tax increases for the rich. i mean, he actually stressed that that should be the starting point of a discussion. he didn't say, glenn hubbard, that he increases -- he wants to see increases in tax rates. he was looking at closing loopholes, things like that, but he was willing to put that on the table. the problem, though, is that even if advisers like glenn hubbard are saying that, what we're seeing is people like paul ryan still very much signaling strong opposition to that idea. >> what's your head count in the senate, the number of republicans -- >> in the senate? >> yeah. >> i think the senate will pass whatever the leaders agree to. i think like with most of these things now, they'll have to go to the house floor without knowing -- without the votes. the question is who can you lose and still
: republicans say that will hurt the economy. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> reporter: but the speaker also signalled what could be an opening, saying raising more revenue is now on the table as long as it comes from tax reform and not higher rates. one thing that's clear. lawmakers want the president to be involved in any dealmaking. >> this is his opportunity to lead. >> reporter: and taxes aren't the only hang-up. congress also has to figure out how to reduce spending on entitlements like social security and medicare. those are the democrat's sacred cows. >> reporter: with the balance of poweren changed on capitol hill things could -- a shrt-term deal that postpones the clifr appears most likely. >> just give everybody a little bit of time, a little bit of breathing room to get back next year and think about what and exactly how you want to do this, and give everyone time to negotiate, quite frankly. >> it's sure to be a long and rocky road ahead. >>> friday the president hosts a meeting with congressional leaders with both p
is economic growth and vitality. get the economy rolling. get the jobs being created. that means yes more revenue -- >> chris: let me ask you this directly. would you accept the piecemeal let's just pass the tax -- extension of bush tax cut for the 98% of people under 250? >> it doesn't make any sense to us to raise taxes on job creators at the time of economic challenge. te ccasion is revenue and spending -- the occasion is revenue and spending. we can lower the rates, broaden the base. close the loopholes, as you discussed. put in place pro-growth policies and energy and healthcare and the regulatory policy. then address the spending. the spending that has to be addressed is medicare, medicaid and snore we'll get to spend -- >> chris: we'll get to spending in a second. boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the g
. we know it will hurt the economy and we know it will destroy jobs. >> shepard: well, the president says the election proved most voters are on his side of this battle. but republicans point out americans also voted to let the g.o.p. keep control of the house. so the districts are well -- anyway, wendell goler is live at the white house tonight. wendell, the two sides are still stuck on the same thing that killed this deal last year. >> groundhog day, shepard. once again, at an impasse over taxes. the president had opened his re-election would give him a mandate for what he calls a balanced approach to dealing with the deficit. republicans are saying just gave him more time to reach a compromise. the white house says reducing the deficit only through spending cuts would mean the poor and the middle class would pick up the bill. the union leaders that mr. obama met with here at the white house today say that weren't invited to. for a press secretary jay carney says it's only not fair it's not smart. >> the president is clear he will not extend, he will not sign a bill that extends th
was the president's belief in the power of government to work well with the economy. >> i think they realized during the campaign thanks to some extent to the advertising we have done on this show and other networks, they understand the koch brothers exist, and they didn't feel like they were in the same tax bracket as those characters. if they're up to something with the tax brackets, maybe it's not in my interest and my family's. we have to go. i want this to go on. i wish the campaign was still going on. up next, texas governor rick perry became the butt of late night jokes when he suggested texas secede from the union. didn't we go through that with lincoln? three years later others are picking up on that talk again. i don't get these people, but they're there, and they're part of our wonderful community. the seceders. this is "hardball," the place for politics. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do s
Search Results 0 to 49 of about 93 (some duplicates have been removed)

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